Bitcoin Review |
Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Subscriber Comments
Click to Read
Use your Subscription Level Access Code to access the full review.
Open Review
Is the Bitcoin rally over?, asks everyone other than the HODL'ers (Holding On For Dear Life). HODL'ers will never sell.
The minority, however, should be skeptical. Bitcoin, a trend with an agenda, will not “End the Fed”, or supplant the US Dollar as the world's reserve currency. El Salvador is going to learn both the hard way.
A brief discussion for subscribers. Please watch the Bitcoin Report updates for further discussion. The 2023-2024 rally (ride) has been marked by fear, doubt, greed, and eventually panic.
The invisible hand, driven by probabilities rather than emotions, says the ride is most likely not over. Energy, the leading edge of consolidation (misalignment of the three time frames), foreshadows breakouts and Resets in the Cycle of Accumulation and Distribution. Upside breakouts jump the creek. Downside ones break the ice.
Rallies typically end when price, time, and energy reveal fatigue. Energy has held above 0% since October 2023. Impressive. Accumulation even as price rallies. Rather than asking is the Bitcoin rally over, we should be asking what does the invisible hand know?
Bitcoin Energy Build (WA, DI, and DI2)
Follow me on 𝕏 or Facebook for further discussion.
----------------------------------
The Matrix provides market-driven trend, cycles, and intermarket analysis.